PDS Health continues to take shape in Jacksonville.
The city issued a permit May 21 for PDS Health to renovate the closed Bank of America branch in the Cobblestone Crossing shopping center area of East Arlington.
Slate Medical & Dental Construction Services of Hollywood, Florida, is the contractor for the $375,000 project to renovate the 3,804-square-foot building at 2709 Monument Road.
Plans show 11 exam rooms along with and an X-ray room and other areas for the medical functions.
The site is at northwest Monument and McCormick roads.
Jacksonville Covenant Group LLC of Henderson, Nevada, bought the property Nov. 20, 2024, from Bank of America. It paid $1.525 million for the building and five-teller-lane drive-thru on 0.61 acre.
SouthState Bank of St. Augustine issued a $1.4 million mortgage on the property to the LLC Nov. 20. The bank branch was built in 1987.
The Jacksonville Covenant Group LLC’s address is that of PDS Health.
Pacific Dental Services, which started in 1994, provides dental and medical support services. It announced in April 2024 that it was transforming into PDS Health.
At the time, PDS Health said it supported more than 4,600 clinicians in nearly 1,000 practices across 24 states.
It has 79 locations in Florida, the closest being Port Orange Modern Dentistry. The locations primarily are in Central Florida.
PDS doesn’t put its name on dental offices. It partners with dentists who operate the practice.
The practices operate under their own names, while PDS provides billing, payroll, marketing, insurance and other services.
It says it offers dentists and dental specialists the chance to own practices after gaining experience in a PDS-supported environment.
Jacksonville Covenant Group LLC was registered with the state Oct. 9, 2024.
The Jacksonville LLC is led by Pacific Dental Services founder, President and CEO Stephen Thorne IV and Nevada RE Manager LLC, which is led by the Thorne Living Trust.
Thorne is the founder and CEO of PDS Health.
More PDS Health sites
The East Arlington location is one of three sites identified in Jacksonville for PDS Health.
• The city issued a permit April 30 for tenant build-out for a PDS Health dental office next to Starbucks Coffee Co. in Regency Park Shopping Center.
Slate Medical & Dental Construction Services is the contractor for the $375,000 project to turn the 3,806-square-foot space into a dental office with 14 exam rooms and other services.
The building is at 9406 Atlantic Blvd., east of Southside Boulevard. PDS Health is in Suite 1 next to Starbucks in Suite 2.
New York City-based Brixmor Property Group is the landlord.
• Jacksonville-Southside Covenant Group LLC bought the closed Arby’s at 3316 Southside Blvd., near Publix Super Markets Inc. at southwest Touchton Road and Southside Boulevard. The sale closed Feb. 28.
The building was developed in 2004 for Arby’s.
Sidlyd SSA Investors LLC of Jacksonville sold the 3,604-square-foot restaurant on 0.75 acres for $3.075 million.
Sunwest Bank of Irvine, California, issued a $2 million mortgage.
Jacksonville-Southside Covenant also is led by Thorne and Nevada RE Manager LLC.
What Covenant says
Covenant Real Estate Group Head of Real Estate Chris Aguon said March 14 that PDS Health will lease the two properties the Nevada-based company bought in Jacksonville.
And there may be more.
“Covenant is buying them as investments and it does plan to buy more in Jacksonville, as well as in many other parts of the U.S.,” Aguon said in an email responding to questions about Covenant’s strategy.
“Typically, Covenant holds the properties long-term,” Aguon said.